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M&A Deal Summary

DraftKings Acquires SBTech

On December 23, 2019, DraftKings acquired gaming company SBTech

Acquisition Highlights
  • This is DraftKings’ 1st transaction in the Gaming sector.
  • This is DraftKings’ 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2019-12-23
Target SBTech
Sector Gaming
Buyer(s) DraftKings
Deal Type Merger
Advisor(s) Stifel (Financial)
Herzog Fox & Neeman
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

SBTech

London, United Kingdom
SBTech is a global full-service B2B turnkey technology provider with omni-channel sports betting solutions, trading services, and marketing and bonus tools powering some of the world’s most popular sports betting and online gaming brands.

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Buyer(S) 1

Buyer

DraftKings

Boston, Massachusetts, United States
Category Company
Sector Gaming
Employees5,100
Revenue 4.8B USD (2024)
DESCRIPTION

DraftKings is an online gaming destination where players engage in daily fantasy sports competitions across fantasy football, baseball, golf, basketball, hockey, and college football and basketball. DraftKings is based in Boston, Massachusetts.

DEAL STATS #
Overall 1 of 5
Sector: Gaming M&A 1 of 3
Type: Merger M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2019 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-05 BlueRibbon

Tel Aviv-Yafo, Israel

BlueRibbon is jackpot and gamification company that provides platform-agnostic, real-time gamification tools that allow for fully customizable jackpot promotions. BlueRibbon was founded in 2017 and is based in Tel Aviv-Yafo, Israel.

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